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Agreement in any other regard (e.g., to increase DWB's, death
benefits, or both), with the permission of Prime and the trustee.
An employer's plan year was the 12-month period that was set
forth in the Adoption Agreement, and the employer listed in its
agreement the date that the Prime Plan became effective with
respect to its employees. Once an employer executed an Adoption
Agreement, the employer was bound to make a one-time contribution
to the Trust, equal to the amount determined by the Prime Plan’s
actuaries to be sufficient to fund the employer's employees'
vested DWB's and level of death benefits selected by the employer
in the Adoption Agreement, as well as to pay miscellaneous
charges on the transaction.8 The employer’s initial contribution
for DWB's was ascertained through actuarial assumptions developed
by the Prime Plan's actuaries. The actuaries generally employed
the following assumptions prior to 1991:
8 The Prime Plan's initial actuary was Laventhol & Horwath.
Deloitte & Touche replaced Laventhol & Horwath as the Prime
Plan's actuary in 1990.
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